BYON Co Stock Forecast - Day Typical Price
| 032980 Stock | KRW 302.00 24.00 8.63% |
BYON Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BYON Co stock prices and determine the direction of BYON Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of BYON Co's historical fundamentals, such as revenue growth or operating cash flow patterns.
BYON |
| Previous Day Typical Price | Day Typical Price | Trend |
| 299.67 | 299.67 |
| Check BYON Co Volatility | Backtest BYON Co | Information Ratio |
BYON Co Trading Date Momentum
| On March 22 2025 BYON Co was traded for 302.00 at the closing time. The highest price during the trading period was 334.00 and the lowest recorded bid was listed for 263.00 . There was no trading activity during the period 0.0. Lack of trading volume on March 22, 2025 did not affect price variability. The overall trading delta to the current price is 7.95% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
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BYON Co Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BYON Co stock to make a market-neutral strategy. Peer analysis of BYON Co could also be used in its relative valuation, which is a method of valuing BYON Co by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BYON Co Market Strength Events
Market strength indicators help investors to evaluate how BYON Co stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BYON Co shares will generate the highest return on investment. By undertsting and applying BYON Co stock market strength indicators, traders can identify BYON Co entry and exit signals to maximize returns.
Pair Trading with BYON Co
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BYON Co position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BYON Co will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to BYON Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BYON Co when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BYON Co - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BYON Co to buy it.
The correlation of BYON Co is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BYON Co moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BYON Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BYON Co can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in BYON Stock
BYON Co financial ratios help investors to determine whether BYON Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in BYON with respect to the benefits of owning BYON Co security.